Legal Opinion
Hall v. United States
United States Court of Federal Claims
Decided August 9, 2011No. 10-284TPublishedCited by 1 opinion
1Opinion of the Court
*619 OPINION AND ORDER
FUTEY, Judge.
Before the Court is a dispute over whether a taxpayer must follow the precise rules of the Internal Revenue Code when deducting net operating losses (“NOLs”), which are generally defined as the excess of deductions over gross income. I.R.C. § 172(c). Plaintiffs, Raleigh W. and Margaret E. Hall, who are appearing pro se, suffered a number of net operating losses between 1988 and 2002, but also reported taxable income during some of those years. Under Section 172 of the tax code, taxpayers can deduct net operating losses they have suffered in a given taxable year…
2Cases cited11 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Sri International v. Matsushita Electric Corporation of America and Matsushita Electric Industrial Co., Ltd.Court of Appeals for the Federal Circuit · 1985
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
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3Cited by1 opinion
- Raleigh W. Hall & Margaret E. Hall v. United StatesUnited States Court of Federal Claims · 2013